Fidessa supports both agency and principal program trading and index arbitrage. Extensive drill-down options facilitate the identification of high-risk orders allowing them to be accelerated to the market.

Fidessa is capable of transacting baskets as large as the Russell 2000 in seconds whilst consolidating all trade data in real time up to the basket level.

	High performance basket consolidation and profiling
	Real-time P&L and performance benchmark monitoring
	Aggregation of multi-fund baskets into composites
	FIX enabled STP from basket creation through to client confirmation
	Regional basket state model for global instrument distribution
	Multi-currency consolidations for risk and cash neutral strategies
	Failed order support for static data inconsistencies

Basket management is fully integrated with Fidessa’s wave trading and cash order functions providing a single integrated platform across your equity business thus maximising internal crossing opportunities.

Wave Trading
Fidessa controls multiple wave strategies across thousands of orders by consolidating critical trade and market data against performance benchmarks such as VWAP.

Trading opportunities can be immediately highlighted allowing instant action to be taken through quick drill-down navigation and execution commands.

Fidessa has a suite of wave trading tools that can be used for single orders, client baskets and index arbitrage.

	Pre-release wave planning with aggressive and passive pricing models
	Multiple release methods and wave alerts
	Wave re-pricing and implied completion analysis
	Proprietary modelling extensions
	Single and composite wave trading
	Parameter driven execution pro-rating
	Intelligent routing to execution venues
	Real-time wave consolidation and performance tracking

The integrated Fidessa product set means that the wave trading functionality can be offered across both the program and single order trading desks.

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